Ingersoll Rand Acquires Agilis Energy LLC
Davidson, N.C., March 13, 2018 – Ingersoll-Rand plc (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, has acquired the technology assets and intellectual property of Raleigh, N.C.-based Agilis Energy, LLC, an energy data analytics company.
Chief Executive Officer (CEO), co-founder and chief technology officer of Agilis Energy, Joseph (Joe) Hirl, joins Ingersoll Rand as the new vice president of energy services and controls for the company’s commercial heating, ventilating and air-conditioning (HVAC) business in North America.
Agilis Energy uses patented, smart-meter energy analytics applications and a unique system approach to help large commercial, multi-family residential, and industrial sector companies achieve 10-25% annual energy savings. Agilis Energy helps customers understand and quantify energy usage patterns by visualizing building performance issues, quantifying the impact and value of energy improvements.
“We are pleased to integrate Agilis Energy capabilities further into our energy services to help building owners understand energy usage patterns,” said Donny Simmons, president of the Commercial HVAC business of Ingersoll Rand. “Demand is high for digital solutions that help building owners measurably increase energy efficiency and address climate change. The acquisition helps us bolster our high-growth Trane Energy Services business and deliver our strategy of providing building owners with additional options for achieving operating, efficiency and sustainability goals.”
Agilis Energy is the analytics software that powers Trane Energy Optics, which is a tool used by Trane during energy assessments with customers. Trane Energy Optics uses high interval energy and weather data to provide quick, non-invasive energy evaluations of buildings, focusing on energy use patterns and behaviors. The tool provides a clear picture and a wealth of information about where and how a customer can reduce total building energy use.
Agilis Energy is used in more than 3,300 buildings worldwide across more than 50 sectors. While used in many types of facilities, Agilis Energy has deep insight into commercial real estate, retail, education, healthcare, municipality, multi-family homes, hospitality, casinos, water treatment, grocery and data centers.
The financial terms of this acquisition were not disclosed or material.
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About Ingersoll Rand
Ingersoll Rand (NYSE:IR) advances the quality of life by creating comfortable, sustainable and efficient environments. Our people and our family of brands — including Club Car®, Ingersoll Rand® , Thermo King® and Trane® — work together to enhance the quality and comfort of air in homes and buildings; transport and protect food and perishables; and increase industrial productivity and efficiency. We are a $14 billion global business committed to a world of sustainable progress and enduring results. For more information, visit ingersollrand.com.
SOURCE: Ingersoll Rand